Amazon Stock Price Soars: $353 Target Implied by Analysts

Amazon's stock price has been rising steadily, and according to the 24/7 Wall St. model, it's expected to reach $353.44 by the end of the year, implying a 32.24% upside from its current price of $267.28.

Out of 62 analysts covering Amazon, zero rate it a Sell, and the company's AWS segment posted its fastest growth in 18 quarters with a 36.7% increase in cloud revenue.

The stock has cooled down 1.97% in the past week but remains 13% below its 52-week high of $287.20, despite a Q2 report showing revenue hitting $200.61 billion, up 19.6% year over year.